Vessels with Purpose Child Placing Agency

Analysis

Vessels with Purpose Child Placing Agency is a registered charity in United States, based in Cedar Hill, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vessels with Purpose Child Placing Agency reported income of $833k and spending of $792k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $833k (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vessels with Purpose Child Placing Agency sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Urban Harvest STL ($833k), Epiphany Preschool ($833k) and Walled Garden ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $190k. At year end it held assets of $454k against liabilities of $141k, net assets of $313k. It reported 7 employees.